Synova generates 4x return on meritsoft sale to cognizant. Synova capital s competitors, revenue, number of employees, funding and acquisitions synova capital s website synova capital operates as a private equity firm specialized in investing in the midsized companies and in the lower mi. Synova capital has generated a 4x return on the sale of irelandheadquartered financial software developer meritsoft to uslisted trade buyer cognizant. Meritsofts private equity investors were synova and an affiliate of 22c. Synova capital has raised 4 funds, their latest being synova capital fund iv. This is synova capital s 3rd transaction in the software sector. Merit software is a specialist provider of case management solutions to capital markets houses and its clients include a number of the worlds leading financial institutions.
Synova has an estimated 85 employees and an estimated annual revenue of 12. Our solutions offerings focus on enterprise applications, mobile applications, cloud enablement and professional services. The team is led by ceo, jim hall, and nonexecutive chairman, steve duncan, former executive director of alliance boots. Synova partnered with kerril burke and paul burke, ceo and cto respectively, alongside fivew capital led by strategic us based investor randall winn, cofounder and former ceo of capital iq, who joined the company as a nonexecutive director, and peter little previously ceo and chairman of cadis software limited and cofounder of braid systems who joined the business as nonexecutive chairman. Merit software is an intelligent automated platform for tax, regulatory and claims solutions for investment banks. The osborne clarke team that advised on the deal was led by partner al livingstone, who was assisted by senior associate chris yeo and associate james taylor. Affirms main competitors include varo money, greensky, earnest, lendup, ratesetter and bread. Allclear is the uks leading specialist travel insurance broker for customers with preexisting medical conditions typically in the over55 demographic. This is synova capitals 3rd transaction in the software sector. Excellent cut quality parallel cuts, minimal thermal damage, neither burrs nor depositions. Medlines competitors, revenue, number of employees. Cognizant acquires meritsoft, an awardwinning fintech innovator in posttrade processing acquisition expands cognizants software asaservice platforms, enables meritsoft to scale, and provides. The top 10 competitors in software ags competitive set are tibco, tableau, casewise, planview, oracle capital, leanix, apptio, gensight, auraportal and mulesoft. Synova is a technology enterprise that offers software consulting services and solutions to small, medium and large organizations in five continents.
Synova is partnering with kerril and paul burke who will continue as ceo. Tech investment banking credits icon corporate finance. Merit software competitors, revenue and employees owler. Synova capital operates as a private equity firm specialized in investing in the midsized companies and in the lower mi. We are pleased to announce that synova capital has led a growth capital investment in meritsoft. Synova capital llp overview free company information. Synova is partnering with meritsoft to support our continued growth and is investing alongside fivew capital, who are led by strategic us based investor randall winn, cofounder and former ceo of capital iq. Philip is chairman of the investment committee and heads the. The companys unique proposition uses a proprietary technology to gasify and strip unrecycled waste of its contaminants, creating a stable, green alternative to natural gas, suitable for chemical production or use in combined cycle gas turbines, the most efficient form of power production. Synova capital llp is a private equity company based in london, united kingdom. See merit softwares revenue, employees, and funding info on owler, the worlds largest.
Hiring and developing the right talent with the right skills is a critical component in any plans to successfully drive initiatives forward. It has been a great experience supporting meritsoft management in scaling their gamechanging product, and their acquisition by cognizant paves the way for delivering the integrated software and services solution the market demands, said philip shapiro, managing partner of synova capital, and member of the meritsoft board. Synova capital has led a growth capital investment into merit software. As the world pioneer and leader in water jet guided laser technology, all of synova s highprecision laserprocessing machines are based on our exclusive, patented technologies. The top 10 competitors in medlines competitive set are hillrom, medtronic, merit medical, avalign, boston scientific, conmed, olympus, sklarcorp, steris and aspen surgical.
Synova innovative technologies private limited is a private incorporated on 27 july 2001. Synova s headquarters is located in melbourne, florida, usa 32901. Lizzie reeves, nps group from people skills to the technicalities in managing a business company, merit has changed the way i perceive business altogether. Synova capital llp synova is pleased to announce it has led a growth capital investment into merit software holdings limited merit, the company or the business, a leading provider of payable and receivable reconciliation and workflow solutions to global investment banks, brokers and clearing houses. Technology, healthcare and education, business services and financial services. Advised synova capital on its growth capital investments in merit software and mintec and on its sale of clearwater care. Synova exits meritsoft to cognizant synova capital. You can view more information on synova capital llp including private fund info, contact info, top management and executives, website, email addresses, and more below. Osborne clarke has advised uk private equity firm synova capital on its growth capital investment in fintech business merit software.
The score ranges from 1 least traffic to 100 most traffic. Meritsoft is a leading provider of intelligent software solutions to global capital markets participants enabling clients to automate posttrade processes, increase efficiency and comply with increasingly stringent regulatory requirements. Medlines revenue is the ranked 2nd among its top 10 competitors. Synova capital is a private equity firm specialising in investments in uk growth companies. Synova capital s competitors, revenue, number of employees, funding and acquisitions synova capital s website. Mk test provides software and systems used in testing aircraft. Synova and fivew capital invest into meritsofts growth. Synova capital llp synova is pleased to announce it has led a growth capital investment into merit software holdings limited merit, the. Fivew capital and synova capital are the most recent investors. Synova has provided capital to support the buyin management buyout of the clyde munro group. Synova is an international developer of wastetoenergy projects. Cognizant acquires meritsoft, an awardwinning fintech.
Jobshop cutting services at synova hq or our micro. Merit software ltd is a specialist provider of case management solutions. On september 10, 2015, private equity firm synova capital llp invested in software company merit software meritsoft investment highlights. The deal will also expand its softwareasaservice saas platforms. Synova offers various job shop possibilities cutting services at our headquarters in duillier, switzerland and synova s own micromachining centers mmcs, based in japan, korea, india and the us.
Synova capital fund iii, lp, completed in less than. Synova presently has 75 employees including 35 engineers focused primarily on researching new material cutting solutions, further applications and laser cutting equipment. Synova is a leading supplier of stateoftheart laser solutions for the industrial micromachining, diamond and semiconductor industries. Compare affirm to its competitors by revenue, employee growth and other metrics at craft. Synova capital competitors, revenue and employees owler. Meritsoft provides an intelligent automated platform for tax, regulatory and claims solutions for investment banks. Merit software was sold to a publiclytraded strategic buyer in 2019. Since 1983, merit software has been producing educational software that addresses the core competencies that.
It is classified as nongovt company and is registered at registrar of companies, bangalore. Synovaincs headquarters is located in southfield, michigan, usa 48075. Synova capital is a londonbased company founded in 2007. The score ranges from 1 least competition to 100 most competition. Synova capital fund ii lp free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Synova will exhibit at the amb in stuttgart from to 17 september 2016 in hall 6, booth 6d16. Synova capital s competitors, revenue, number of employees, funding and acquisitions. Synova is partnering with kerril and paul burke who will continue as ceo and cto respectively.
The team is led by ceo, jim hall, and nonexecutive chairman, steve duncan. This is synova capital s 1st transaction in ireland. Customers benefit from synova s unique expertise as an industrial micromachining solutions provider leveraging its knowledge and experience spanning various industries with a common need for high precision and expanded hardware software capabilities. The lcs 50 is ideal for finishmachining of diamond tools, watch components and other small work pieces that require precision cutting, drilling, grooving or slicing as well as 3d processing. Osborne clarke advises synova capital on investment in. Synova capital llp free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Aptean, a global leader of missioncritical enterprise software solutions. Merit software has 42 employees and is ranked 2nd among its top 10 competitors. Synova capital is authorised and regulated in the uk by the financial conduct authority. Synovainc competitors, revenue and employees owler. Synova capital general partner 4 limited free company information from companies house including registered office address, filing history, accounts, annual. Cognizant buys posttrade processor meritsoft fintech futures. Synova capital is a private equity firm specialising in investments in uk and irish growth companies.
Software ag has 4,948 employees and is ranked 1st among its top 10 competitors. Synova capital partners limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Merit softwares top competitor is reading boost camp. Philip shapiro managing partner and cofounder synova. Software ags competitors, revenue, number of employees. Aside from research, both the final assembly and testing of up to 100 machines a year are performed in synova s modern, 1800 square meter facility in duillier. Synova is an awardwinning investor into fast growing businesses across the uk and ireland. Merit provides a slightly more holistic view as to how different areas of the business interact with one another. Synovainc has an estimated 128 employees and an estimated annual revenue of 26.
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